DeFI News by Thebittimes.Com

strong >Victoria, Seychelles, November 3rd, 2023, Chainwire strong > Bitget, top crypto derivatives and copy trading platform, has unveiled its latest monthly Proof of Reserves (PoR) report, continuing its commitment to comprehensive transparency with its total reserve ratio of 199%. This POR report upholds Bitget’s pledge to users that their funds are fully backed 1:1 and available on demand. With reserve ratios nearing 200%, Bitget surpasses the industry standard of 100% by doubling it. Bitget’s PoR figures from October 2023 highlight its commitment to upholding strong financial health and technical safety. These notable reserve ratio s reinforce Bitget’s unwavering pledge to protect user assets and guarantee top-tier transparency in the cryptocurrency realm. Based on the data gathered from Coinmarketcap on November 3, Bitget’s cumulative reserves surpassed $1.54 billion, covering a range of significant digital assets such as BTC, ETH,...

Taiwan tightens crypto regulations with new FSC guidelines and the formation of an industry association by leading exchanges. On Sep. 26, Taiwan’s Financial Supervisory Commission (FSC) released a comprehensive set of guidelines for virtual asset services providers (VASPs), marking a major step in regulating the country’s burgeoning cryptocurrency market. Almost concurrently, nine leading crypto exchanges in Taiwan have formed a working group to establish an industry association. The latest move is a proactive step towards self-regulation and aligning with the FSC’s newly released guidelines. FSC’s guidelines for crypto exchanges The FSC’s guidelines are extensive and focus on several key areas. First, they require domestic crypto platforms to ensure the separation and custody of the companies’ and customers’ assets. This is aimed at enhancing the security and integrity of funds held on these platforms. Second, the guidelines mandate th...

Blockchain enables healthcare record management, clinical trial transparency, efficient supply chain management and more. The use of blockchain technology in the healthcare industry has the potential to revolutionize the way medical records are managed, medical research is conducted and patient care is delivered. Here are nine promising use cases for blockchain in healthcare. Medical record management Medical records can be safely stored and managed using block chain , improving accessibility for patients and healthcare professionals. Patients’ ability to control access to their medical records enhances security and privacy. One example is MedRec, a block chain -based system for managing medical information created by MIT researchers. MIT Professor Andrew Lippman says the goal of the MedRec project is to be like a Swiss bank for health records, but without the bank. #Bizofblockchain — MIT Technology Review (@techreview) April 23, 2018 Clinical trials By offering a transparent ...